If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industryÂ thus decide to increase the selling price by 10%. Find the new profit percent Â ?

If the labour cost 20% of the cost of production and raw material cost

1.	If the labour cost 20% of the cost of production and raw material cost 10% of the cost of production and the price on which article is sold is 20% above the cost of production. If the price of labour is increased by 40% and the price of raw material increased by 20% and rest other expenditure of cost remain constant. The industryÂ thus decide to increase the selling price by 10%. Find the new profit percent Â ?
A.	0.18
B.	0.2
C.	0.22
D.	0.24
Answer» C. 0.22

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